PulteGroup, Inc. $PHM Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in PulteGroup, Inc. (NYSE:PHM) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 382,562 shares of the construction company’s stock after acquiring an additional 32,656 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of PulteGroup worth $40,345,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in PulteGroup by 0.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 315,927 shares of the construction company’s stock valued at $32,477,000 after purchasing an additional 2,930 shares in the last quarter. Xponance Inc. raised its stake in shares of PulteGroup by 38.6% during the 1st quarter. Xponance Inc. now owns 38,993 shares of the construction company’s stock worth $4,008,000 after buying an additional 10,867 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of PulteGroup by 1.7% in the 1st quarter. New York State Common Retirement Fund now owns 122,223 shares of the construction company’s stock valued at $12,565,000 after buying an additional 2,000 shares during the period. Florida Financial Advisors LLC boosted its stake in shares of PulteGroup by 30.5% in the first quarter. Florida Financial Advisors LLC now owns 4,832 shares of the construction company’s stock valued at $496,000 after buying an additional 1,129 shares in the last quarter. Finally, Edgestream Partners L.P. grew its holdings in PulteGroup by 2,687.0% during the first quarter. Edgestream Partners L.P. now owns 77,310 shares of the construction company’s stock worth $7,947,000 after acquiring an additional 74,536 shares during the period. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Price Performance

PulteGroup stock opened at $120.03 on Tuesday. The firm has a market capitalization of $23.40 billion, a PE ratio of 9.24, a P/E/G ratio of 0.95 and a beta of 1.25. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $142.11. The firm’s 50-day simple moving average is $127.97 and its 200 day simple moving average is $116.63. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $3.35 EPS. On average, equities research analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 16th. PulteGroup’s dividend payout ratio (DPR) is 6.77%.

Analyst Ratings Changes

A number of research firms have commented on PHM. Wells Fargo & Company raised their target price on PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. increased their price target on shares of PulteGroup from $121.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Evercore ISI reduced their price objective on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a research note on Wednesday, October 22nd. Bank of America decreased their price objective on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Finally, Seaport Res Ptn raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $133.67.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.